Which of the Following Is Both a Shift in Supply

question 110

Multiple Choice

Which of the following is both a shift in supply and a shift in demand?

• A) the number of firms in an industry
• B) tastes and preferences
• C) income changes
• D) expectations of future prices
• E) the number of buyers

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Definitions:

Selling

The process of promoting and transferring ownership of goods or services to customers.

Administrative Expenses

Costs related to the general administration of a business, such as salaries of executive officers, legal and office supplies.

Budgeted Sales

The projected amount of sales, in units or dollars, a company expects to achieve in a specific period.

Beyond Budgeting

A management approach arguing that traditional budgeting processes are often inflexible and can hinder innovation, advocating for more adaptive and decentralized frameworks.